Some organizations are still owed money and there are several people in the gay community that felt Altitude was overpriced, but event organizer Lee Bergeron, has already pledged to bring Altitude back to Whistler next year.
There had been some speculation that Altitude might be spiralling into bankruptcy or was being packaged to be sold to another town.
But despite all the negative speculation this years event, which wound up Feb. 6, still attracted approximately 2,500 people at a time when Whistler was feeling the lack of snow.
When asked to summate what happened at this years event and the attendance Bergeron remained candid.
"Attendance was down from last year," he said, "but that was because of the weather. We got multiple e-mails about the snow and there was a number of regional guests that chose not to come.
"But across the board we exceeded what we thought we were going to do a couple of weeks out from the event."
Bergeron insisted that the biggest point to emerge from Altitude this year was that the gay and lesbian community "showed up" when everyone else was trying to book vacations elsewhere.
"What do I think?" said Bergeron. "I think the gays and lesbians showed up when no one else would.
"I think what that says for the gay market is that were a resilient, loyal market and we need to be recognized and catered to and the merchants have got to see that because this is the worst weather in Whistler for 30 years."
Tourism Whistlers Director of Events, Paula Mohammed, agreed that this was an important point.
Previously Bergeron said that he could attract up to 15,000 gay people to Whistler if he could arrange the right kinds of financial partnerships. He still believes that number is attainable.
"The events that we have appeal to the people but by adding different events, at multiple venues, we can attract more.
"It does not mean were going to have 15,000 at the Snowball.
"Theres this huge segment of the gay population thats not being catered to and as far as Whistlers concerned they need to be catered to."
Mohammed has been facilitating many of the negotiations between merchants, other stakeholders and Altitude and supports much of what Bergeron said.
"I understand the hesitation in the community based on the history of the event but I feel confident that the event will move forward and I think this year was the first step in that process," said Mohammed.
She said the situation with some of the businesses that are owed money was an "interesting one" because had Bergeron not bought Altitude then no one would be getting anything.